2022-07-01 2023-06-30 false Capium Accounts Production 1.1 10835120 bus:FullAccounts 2022-07-01 2023-06-30 10835120 bus:FRS102 2022-07-01 2023-06-30 10835120 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 10835120 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 10835120 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 10835120 2022-07-01 2023-06-30 10835120 2023-06-30 10835120 bus:RegisteredOffice 2022-07-01 2023-06-30 10835120 core:WithinOneYear 2023-06-30 10835120 core:AfterOneYear 2023-06-30 10835120 bus:Director1 2022-07-01 2023-06-30 10835120 bus:Director1 2023-06-30 10835120 bus:Director1 2021-07-01 2022-06-30 10835120 2021-07-01 10835120 bus:CompanySecretary1 2022-07-01 2023-06-30 10835120 bus:LeadAgentIfApplicable 2022-07-01 2023-06-30 10835120 2021-07-01 2022-06-30 10835120 2022-06-30 10835120 core:WithinOneYear 2022-06-30 10835120 core:AfterOneYear 2022-06-30 10835120 bus:EntityAccountantsOrAuditors 2021-07-01 2022-06-30 10835120 core:PlantMachinery 2022-07-01 2023-06-30 10835120 core:PlantMachinery 2023-06-30 10835120 core:PlantMachinery 2022-06-30 10835120 core:MotorCars 2022-07-01 2023-06-30 10835120 core:MotorCars 2023-06-30 10835120 core:MotorCars 2022-06-30 10835120 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-06-30 10835120 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-06-30 10835120 core:CostValuation core:Non-currentFinancialInstruments 2023-06-30 10835120 core:CostValuation core:Non-currentFinancialInstruments 2022-06-30 10835120 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-06-30 10835120 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-06-30 10835120 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-06-30 10835120 core:Non-currentFinancialInstruments 2023-06-30 10835120 core:Non-currentFinancialInstruments 2022-06-30 10835120 core:ShareCapital 2023-06-30 10835120 core:ShareCapital 2022-06-30 10835120 core:RetainedEarningsAccumulatedLosses 2023-06-30 10835120 core:RetainedEarningsAccumulatedLosses 2022-06-30 10835120 dpl:Item1 2022-07-01 10835120 dpl:Item1 2023-06-30 10835120 dpl:Item1 2021-07-01 10835120 dpl:Item1 2022-06-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 10835120
England and Wales

 

 

 

BIG BOSS TYRES LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 July 2022

End date: 30 June 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 12,659    15,823 
12,659    15,823 
Current assets      
Stocks 4 26,580    22,580 
Debtors 5   135 
Cash at bank and in hand 4,659    12,447 
31,239    35,162 
Creditors: amount falling due within one year 6 (78,468)   (68,791)
Net current liabilities (47,229)   (33,629)
 
Total assets less current liabilities (34,570)   (17,806)
Net liabilities (34,570)   (17,806)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (34,670)   (17,906)
Shareholder's funds (34,570)   (17,806)
 


For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 20 March 2024 and were signed by:


-------------------------------
HUSSAIN AHMED
Director
1
General Information
BIG BOSS TYRES LTD is a private company, limited by shares, registered in England and Wales, registration number 10835120, registration address 26 AVIS SQUARE, LONDON , ENGLAND, E1 0QD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognized in the statement of income, except to the extent that it relates to items recognized in other comprehensive income or directly in capital and reserves. The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 July 2022 9,400    17,100    26,500 
Additions    
Disposals    
At 30 June 2023 9,400    17,100    26,500 
Depreciation
At 01 July 2022 3,119    7,558    10,677 
Charge for year 1,256    1,908    3,164 
On disposals    
At 30 June 2023 4,375    9,466    13,841 
Net book values
Closing balance as at 30 June 2023 5,025    7,634    12,659 
Opening balance as at 01 July 2022 6,281    9,542    15,823 


4.

Stocks

2023
£
  2022
£
Stocks 26,580    22,580 
26,580    22,580 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
PAYE & Social Security   135 
  135 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 9,274    9,280 
PAYE & Social Security 799   
Accrued Expenses 60    60 
Wages & Salaries Control Account 5,449    5,449 
Directors' Current Accounts 62,886    54,002 
78,468    68,791 

2